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Derived from payout historyIncome reliability
Quarterly income profile is visible
POW.TO has an income profile aligned with its dividend company role. Provider data shows 4 recent payout records.
Market dataIncome framework read
Dividend CompanyTSXCanada
POW.TO
Power Corporation of Canada
FinancialsPlain dividendQuarterly
Market Snapshot
$91.02
-$1.93 (-2.08%)
Toronto
Yield
2.87%
Rate $2.67
Next Payment
—
Ex-date 2026-09-29
52wk Position
83.63%
-6.80% below high
Updated —
Decision Area
Distribution and DRIP Defense
Payout history, default DRIP coverage, and price creep pressure using market data where available.
Distribution Chart
Last 12 payments
Confirmed Expected
Coverage Ratio Test
DRIP defense check
- Cash
- $66.75
- APR
- 0.733
- Coverage
- 0.733
Rung failed. Restore immediately or rebalance the holding.
Price Creep
Defended price ceiling
- Max defended
- $66.75
- Cushion
- -$24.27
- Cushion %
- -26.66%
Current $91.02Break $66.75
Smart Recommendation
POW.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.
Research Signals
Payout sustainability
Wide range, 45.9-66.6% earnings basis (holding-company earnings volatility)
1mo agoDRIP availability
Likely available
1mo agoTax character
Eligible dividend
1mo agoDistribution history
9% increase (March 2026, company-reported); 32 years of consecutive payments, 4 consecutive years of increases
1mo agoStructure complexity
High, international holding company
1mo agoIncome trend
Growing
1mo agoAccount suitability
TFSA/RRSP/non-reg suitable; layered/indirect exposure via subsidiaries
1mo agoStructure Overview
Power Corporation of Canada (POW) is an international holding company with controlling interests in Great-West Lifeco (insurance, annuities, retirement services) and IGM Financial (mutual funds, wealth management), plus stakes in European holding company GBL and alternative-asset platforms including Sagard, Power Sustainable, and Wealthsimple. Q1 2026 adjusted net earnings were $905 million, up 15% year-over-year, with Great-West Lifeco's contribution up 21% (its eighth consecutive quarter of base earnings exceeding $1 billion) and IGM's contribution up 21% on record assets under management and administration. The Desmarais Family Residuary Trust controls 52.511% of total voting rights via Pansolo Holding Inc.
Canadian Planning Notes
- 1POW's earnings are a function of its underlying subsidiaries' results, not a single operating business; investors are getting layered, indirect exposure to insurance (Great-West Lifeco) and asset management (IGM) rather than a direct operating company.
- 2The wide payout-ratio spread across sources reflects this holding-company structure and should not be read the same way as a single-business payout ratio.
- 3DRIP is common among large-cap Canadian dividend payers; confirm optional cash purchase support with your broker.
Market Facts
Market Data
A factual market, distribution, valuation, and financial snapshot for this holding.
Canadian Context
Account placement
Non-registered
Eligible Canadian dividends qualify for the dividend tax credit, which can improve after-tax income in taxable accounts.
TFSA: Tax-free growth and withdrawals.
RRSP: Tax-deferred growth, with withdrawals taxed as regular income.
Eligible dividend tax credit
- Total credit
- $345.27
- Effective rate
- 34.53%
Broker DRIP status
Questrade
Available
Wealthsimple
Available
RBC Direct Investing
Available
TD Direct Investing
Available
Run Your Numbers
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This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.